The Impact of Mary Hoover Drucker
We work collaboratively to build financing solutions shaped to meet the needs of our private equity clients, capital partners, and investors. Audax Private Debt invests in established middle market companies through first lien, stretch senior, unitranche, second lien, junior debt and equity co-investment solutions. With the successful closing of Mezz Fund V, Audax Private Debt will continue to execute on its proven strategy of directly sourcing junior debt investments in private equity sponsor-backed companies in North America. With DLS, Audax Private Debt continues its proven strategy of directly sourcing debt investments in private equity sponsor‐backed middle market companies. The Fund enables Audax Private Debt to utilize its senior and junior debt underwriting expertise to provide unitranche and stretch senior financings of up to $175 million per transaction. Peter is a Managing Director at Audax Private Debt, overseeing our unitranche and junior debt investment teams.
Based in New York, Audax Private Debt is a leading debt capital partner for North American middle market companies. Since its inception in 2000, the firm has invested more than $36 billion in support of over 275 private equity sponsors. Audax Private Debt is an experienced and trusted partner with senior leadership averaging more than 26 years in private credit and 15 years working together at the firm through multiple economic cycles. Audax Private Debt invests in established middle market companies through first lien, stretch senior, unitranche, second lien, subordinated debt, and equity co-investment solutions.
Founded in 1983 and headquartered in Dulles, Virginia, Unison offers its clients differentiated solutions to help them transact and manage contracts more efficiently and comply with complex federal contracting requirements. Unison’s software suites turn AI, bot, and NLP technologies into applied innovation—solving real business problems and creating opportunities for clients. A trusted partner with longstanding relationships and a track record of customer-led success, Unison currently serves all 15 U.S. cabinet-level agencies and has more than 200,000 product end users. Headquartered in Phoenix, Arizona and serving 25 markets across the U.S., A1 is a market leader in the direct-to-consumer residential repair and replacement garage door services industry.
He is responsible for originating and executing new investments and monitoring portfolio companies. Adam is a Managing Director at Audax Private Debt, overseeing our unitranche and junior debt investment teams. Steve is the Co-Head of Originated Debt at Audax Private Debt, overseeing Mary Hoover Drucker our unitranche and junior debt investment teams. Over the last 24 years, we have raised around $31 billion of capital across our senior debt, unitranche, and junior debt strategies to provide financing solutions for middle market, private equity-backed companies.
Since joining Audax in 2000, Young has invested in more than 40 Audax platform companies. Young primarily focuses on business services, specialty distribution, and medical devices and products. Prior to joining Audax, Young was with Donaldson, Lufkin & Jenrette, Inc. and JPMorgan Chase & Co.
Even as all-senior financing structures and unitranche facilities have become more common, mezzanine remains critical within the capital structures of sponsor-backed companies. For instance, despite the appearance of one legal document, some historical unitranche facilities were, at times, carved up into first-out/last-out positions via a separate lender agreement. More recently, mezzanine funds have generally had flexibility to invest in traditional unsecured notes, second lien loans, holdco PIK notes, and preferred and common equity. Adam joined Audax in 2000 and has since invested in 40 platform companies across healthcare, consumer, and software/technology sectors. Prior to joining Audax, Adam was with the private equity firm Thomas H. Lee Partners, where he focused on leverage buyouts across a number of industries.
He also previously worked at Morgan Stanley & Co in its real estate principal investment group. Our DEI values support our mission to create an environment of equity and inclusion for cultivating talent that drives us to deliver attractive returns to our investors and our vision to become the premier middle market alternative asset management firm. We endeavor to create lasting value with our commercial activities and within our communities. Audax Private Debt announced that it participated in a unitranche credit facility to support the refinancing and acquisition of Qlarion by Sagewind Capital’s portfolio company, GCOM Software (“GCOM” or the “Company”). Audax Group manages capital for investors worldwide, making investments through the full capital structure of the U.S. middle market. The common thread across each of our business lines is a dedicated focus to support middle market companies.
Audax Private Debt achieved the highest position in PitchBook’s 2023 Annual U.S. PE Lending League Tables, securing the #1 spot as the most active lender in U.S. PE. Additionally, the firm is proud to have attained the #1 rank in both the “Overall” and “Select Roles” lists of PitchBook's 2023 U.S. Prior to joining Audax, Joe worked at The Parthenon Group, a strategic advisory firm. Joe received an M.B.A. from The Wharton School at the University of Pennsylvania and a B.A.
Sydney is a Principal at Audax Private Debt, and a member of our unitranche and junior debt investment teams. Colleen is a Managing Director at Audax Private Debt, and a member of our senior debt investment team. Dinko is a Managing Director at Audax Private Debt, and a member of our senior debt investment team. Tom Noto is a Managing Director at Audax Private Debt, and a member of our senior debt investment team.
Rob is a Principal at Audax Private Debt, and a member of our senior debt investment team. Even in benign environments, mezzanine debt holds unique appeal, with attributes that senior-only facilities don’t provide. Mezzanine, today, is being used by sponsors not just for new platform financing arrangements but also portfolio company expansion, when sponsors need to fund M&A but are reluctant to reprice existing credit facilities at today’s higher rates. Tim is an Analyst at Audax Private Debt, and a member of our senior debt investment team.
Audax Private Debt (“Audax”) announced that, as Administrative Agent and Lead Arranger, it provided a unitranche credit facility to support Gauge Capital (“Gauge”) in their acquisition of Engine & Transmission Exchange (“ETE” or the “Company”). Audax Private Debt Flexible, customized equity solutions for private equity sponsors. Paradoxically, the shifting landscape has had little influence on purchase price multiples – at least not for the deals getting done. A flight to quality coupled with a dearth of dealflow means that valuations for businesses with strong growth prospects remain elevated. Adequate leverage, thus, is required to finance new platform acquisitions, and mezzanine debt has helped fill this gap.
Our proprietary reporting systems provide us with customized views of qualitative and quantitative ESG data, enhancing our team’s analytical and reporting capabilities. HR Green is a provider of infrastructure design, consulting, and civil engineering services. The Company serves public and private sector clients on projects across transportation, water, municipal advisory, broadband, and land development.
He was previously employed at Drexel Burnham Lambert and Donaldson, Lufkin & Jenrette, where he began his career and focused on leveraged finance. Marc Wolpow is Co-Chief Executive Officer and Co-Founder of Audax Group and Executive Chairman of Audax Private Debt. Along with his business partner, Geoff Rehnert, Mr. Wolpow manages the firm and has overseen all phases of Audax Group’s development since its founding in 1999. Prior to starting Audax Private Debt in 2000, Kevin was a Managing Director in the Leveraged Finance/Merchant Banking Group at CIBC World Markets Corp. He also previously worked at Drexel Burnham Lambert, Wasserstein Perella and Kidder Peabody, principally in a leveraged finance role.
Based in New York, Audax Private Debt is a leading debt capital partner for North American middle market companies. Since its inception in 2000, the firm has invested more than $36 billion in support of over 275 private equity sponsors. Audax Private Debt is an experienced and trusted partner with senior leadership averaging more than 26 years in private credit and 15 years working together at the firm through multiple economic cycles. Audax Private Debt invests in established middle market companies through first lien, stretch senior, unitranche, second lien, subordinated debt, and equity co-investment solutions.
Founded in 1983 and headquartered in Dulles, Virginia, Unison offers its clients differentiated solutions to help them transact and manage contracts more efficiently and comply with complex federal contracting requirements. Unison’s software suites turn AI, bot, and NLP technologies into applied innovation—solving real business problems and creating opportunities for clients. A trusted partner with longstanding relationships and a track record of customer-led success, Unison currently serves all 15 U.S. cabinet-level agencies and has more than 200,000 product end users. Headquartered in Phoenix, Arizona and serving 25 markets across the U.S., A1 is a market leader in the direct-to-consumer residential repair and replacement garage door services industry.
He is responsible for originating and executing new investments and monitoring portfolio companies. Adam is a Managing Director at Audax Private Debt, overseeing our unitranche and junior debt investment teams. Steve is the Co-Head of Originated Debt at Audax Private Debt, overseeing Mary Hoover Drucker our unitranche and junior debt investment teams. Over the last 24 years, we have raised around $31 billion of capital across our senior debt, unitranche, and junior debt strategies to provide financing solutions for middle market, private equity-backed companies.
Since joining Audax in 2000, Young has invested in more than 40 Audax platform companies. Young primarily focuses on business services, specialty distribution, and medical devices and products. Prior to joining Audax, Young was with Donaldson, Lufkin & Jenrette, Inc. and JPMorgan Chase & Co.
Even as all-senior financing structures and unitranche facilities have become more common, mezzanine remains critical within the capital structures of sponsor-backed companies. For instance, despite the appearance of one legal document, some historical unitranche facilities were, at times, carved up into first-out/last-out positions via a separate lender agreement. More recently, mezzanine funds have generally had flexibility to invest in traditional unsecured notes, second lien loans, holdco PIK notes, and preferred and common equity. Adam joined Audax in 2000 and has since invested in 40 platform companies across healthcare, consumer, and software/technology sectors. Prior to joining Audax, Adam was with the private equity firm Thomas H. Lee Partners, where he focused on leverage buyouts across a number of industries.
He also previously worked at Morgan Stanley & Co in its real estate principal investment group. Our DEI values support our mission to create an environment of equity and inclusion for cultivating talent that drives us to deliver attractive returns to our investors and our vision to become the premier middle market alternative asset management firm. We endeavor to create lasting value with our commercial activities and within our communities. Audax Private Debt announced that it participated in a unitranche credit facility to support the refinancing and acquisition of Qlarion by Sagewind Capital’s portfolio company, GCOM Software (“GCOM” or the “Company”). Audax Group manages capital for investors worldwide, making investments through the full capital structure of the U.S. middle market. The common thread across each of our business lines is a dedicated focus to support middle market companies.
Audax Private Debt achieved the highest position in PitchBook’s 2023 Annual U.S. PE Lending League Tables, securing the #1 spot as the most active lender in U.S. PE. Additionally, the firm is proud to have attained the #1 rank in both the “Overall” and “Select Roles” lists of PitchBook's 2023 U.S. Prior to joining Audax, Joe worked at The Parthenon Group, a strategic advisory firm. Joe received an M.B.A. from The Wharton School at the University of Pennsylvania and a B.A.
Sydney is a Principal at Audax Private Debt, and a member of our unitranche and junior debt investment teams. Colleen is a Managing Director at Audax Private Debt, and a member of our senior debt investment team. Dinko is a Managing Director at Audax Private Debt, and a member of our senior debt investment team. Tom Noto is a Managing Director at Audax Private Debt, and a member of our senior debt investment team.
Rob is a Principal at Audax Private Debt, and a member of our senior debt investment team. Even in benign environments, mezzanine debt holds unique appeal, with attributes that senior-only facilities don’t provide. Mezzanine, today, is being used by sponsors not just for new platform financing arrangements but also portfolio company expansion, when sponsors need to fund M&A but are reluctant to reprice existing credit facilities at today’s higher rates. Tim is an Analyst at Audax Private Debt, and a member of our senior debt investment team.
Audax Private Debt (“Audax”) announced that, as Administrative Agent and Lead Arranger, it provided a unitranche credit facility to support Gauge Capital (“Gauge”) in their acquisition of Engine & Transmission Exchange (“ETE” or the “Company”). Audax Private Debt Flexible, customized equity solutions for private equity sponsors. Paradoxically, the shifting landscape has had little influence on purchase price multiples – at least not for the deals getting done. A flight to quality coupled with a dearth of dealflow means that valuations for businesses with strong growth prospects remain elevated. Adequate leverage, thus, is required to finance new platform acquisitions, and mezzanine debt has helped fill this gap.
Our proprietary reporting systems provide us with customized views of qualitative and quantitative ESG data, enhancing our team’s analytical and reporting capabilities. HR Green is a provider of infrastructure design, consulting, and civil engineering services. The Company serves public and private sector clients on projects across transportation, water, municipal advisory, broadband, and land development.
He was previously employed at Drexel Burnham Lambert and Donaldson, Lufkin & Jenrette, where he began his career and focused on leveraged finance. Marc Wolpow is Co-Chief Executive Officer and Co-Founder of Audax Group and Executive Chairman of Audax Private Debt. Along with his business partner, Geoff Rehnert, Mr. Wolpow manages the firm and has overseen all phases of Audax Group’s development since its founding in 1999. Prior to starting Audax Private Debt in 2000, Kevin was a Managing Director in the Leveraged Finance/Merchant Banking Group at CIBC World Markets Corp. He also previously worked at Drexel Burnham Lambert, Wasserstein Perella and Kidder Peabody, principally in a leveraged finance role.
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